2.5.1 Economic influences Flashcards Preview

Edexcel A Level Business - Paper 3 > 2.5.1 Economic influences > Flashcards

Flashcards in 2.5.1 Economic influences Deck (2)
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1
Q

The effects of exchange rates changes (STRONG POUND)

A
  1. £1 =€2
  2. Good for brits travelling abroad
  3. Bad for business exporting expensive
  4. Good for business importing E.G.Matalan
2
Q

The effects of exchange rates changes (WEAK POUND)

A
  1. £1 = €1
  2. Good for foreign tourists
  3. Good for business exports cheaper E.G.Land Rover
  4. Bad for Business importing - Dearer